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INTC · Analysis updated Nov 5, 2026, 4:46 PM ET
Why is Intel (INTC) stock moving?
Intel is in a deep post-earnings downtrend that has now extended into a broader chip-sector selloff. After closing at $92.07 on Oct 29, the stock gapped to $68.36 on Oct 30 and closed at $65.76 on about 456M shares, then slid to $59.97, $60.55 and $58.27 on Nov 2-4. On Nov 5 it traded near $53.5-54, down about 8% on roughly 217M shares, about twice the average, and below the prior $56.77 low. That puts it about 44% below the Oct 28 close and about 62% below the $142.35 record from Jun 30. The Q3 results themselves were good: revenue was $16.5B, up 21%, non-GAAP EPS was $0.52 against about $0.40 expected, gross margin was 44.1%, and data center and AI revenue rose 78% to $7.3B. The damage came from Q4 guidance of $15-16B in revenue against about $17B expected, EPS of $0.25 against about $0.43 expected, and a roughly 38% gross margin. PC market weakness (memory shortages, with a 10% market contraction forecast for 2027), supply constraints and heavy 2027 capital needs add to the concern. Offsetting this, the CEO bought $9.7M of stock, some analysts see value, and consensus targets of about $91 sit far above the price. Sector commentary is split between warnings of more downside and calls that the AI selloff is an overreaction. With beta around 2.4, negative EPS and momentum still negative, the trend is down and volatility is extreme. Dip-buying has so far failed to hold, and the next earnings report is not until late January 2027.
News behind the analysis
- Intel Reports Third-Quarter 2026 Financial ResultsQ3 revenue was $16.5B, up 21%, with non-GAAP EPS of $0.52. Q4 guidance is revenue of $15.0B-$16.0B and non-GAAP EPS of $0.25.
- Intel stock falls more than 22% after revenue forecast misses on PC weaknessQ4 revenue guidance of $15B-$16B came in below the roughly $17B analysts expected. Intel also forecasts the PC market to shrink 10% in 2027 after a 12% drop in 2026.
- Intel Q3 2026 slides: record data center growth, stock tumbles on outlookIntel beat on EPS and revenue and raised gross margin to 44.1%. Shares fell on worries about the Israel factory disruption, PC weakness and heavy 2027 capital needs.
- Intel (INTC) Shares Plunge Over 28% After Q3 Earnings and Weak Q4 OutlookIntel fell more than 28% in a single day on a cautious Q4 forecast. Some analysts have upgraded the stock, seeing the lower price as an entry point.
- Intel Stock Plunges 23% After Q4 2026 Guidance Disappoints Despite Strong Q3 EarningsIntel guided Q4 non-GAAP gross margin to about 38%, down from 44.1% in Q3. Forward guidance outweighed the strong Q3 figures.
- Intel Stock Drops 29% After Q3 Earnings Miss ExpectationsData center and AI revenue rose 78% to $7.3B, but Q4 guidance fell short. BofA and UBS cut the stock, citing slow foundry progress, and about $434B of market value has been lost in four months.
- Intel (INTC) Q3 2026 Earnings Results & Call TranscriptThe call transcript flags a material deterioration in the PC market from memory shortages, higher system prices and tight IT budgets.
- Earnings call transcript: Intel beats Q3 2026 estimates, but stock sinksIntel has now beaten expectations for eight straight quarters. Investors focused on the outlook rather than the quarter.
- Better Foundry Stock: Taiwan Semiconductor vs. IntelOn Nov 5, Intel traded down about 8% around $53.57 on volume of 216.7M shares, roughly twice the average. TSMC fell about 10% the same day, pointing to a broad chip selloff.
- Intel (INTC) Stock Price, Chart, and Market Cap — TradingViewHeadlines include Dan Ives warning chip stocks may fall another 12%, while Tom Lee calls the AI selloff an overreaction. CEO Lip-Bu Tan also bought $9.7M of Intel shares.
In the Daily Standout
- October 30, 2026: on the shortlist −28.57%